Foster Stock Broking - FGR Broker Report 17th June 2019, page-23

Hi Jumpy, I feel we have been over this before.

The 50-80% conversion of Graphite to graphene is extremely old news. this was based on lab scale tests, that didn't re feed the graphite material back into the cell.

FGR achieves upto 96% conversion of Graphite into Graphene and 99% conversion into graphitic material

2 September 2016 Successful commissioning of 250 litre graphene production cell, achieving 83% conversion to several layer graphene at platelet sizes of 45 to 78 microns.

3.3 Progressive Improvements in the Graphene Cell FGR has continued to achieve excellent improvements in the operation of the Graphene Cell as it tinkers with its configuration. By mid October 2016, it was reporting that the purity of the product had increased to 96%. Research continued to optimise the mix of power and electrolyte, along with development of the methodology of screening, washing and drying of the graphene product. Yield of graphene from the vein graphite frequently exceeds 90%

These results exclude the additional steps that FGR added when they fully commissioned the Henderson production facility.